Final Tally: Obama's Subpar Economy Cost Americans $2.4 Trillion

Final Tally: Obama's Subpar Economy Cost Americans $2.4 Trillion | Stock News & Stock Market Analysis - IBD:

"Economics: The GDP report for the fourth quarter last year was a fitting end to President Obama's time in office. At a tepid 1.9% growth, it means that the economy once again underperformed everyone's expectations.

As late as June 2016, the Obama administration was forecasting that real GDP would climb 2.2% for the year. Actual growth for 2016 was 1.6%, according to the Bureau of Economic Analysis.

The latest numbers mean that Obama's economic forecasters missed their growth targets every year that he was in office. And, once again, economists who had been promising that strong growth was just around the corner — most recently because of a relatively strong third quarter — had to eat crow.

It also means that GDP growth has not exceeded 3% for 11 straight years..."